Form of Annual Equity Grant Letter for 2023 Long Term-Incentive Plan V.1. (a)

Dear [Name],

In recognition of Company and individual performance in [Year], and in anticipation of your continued leadership and ongoing efforts in [Year], the Compensation, Talent and Culture Committee of the Board of Directors has approved the following incentive compensation for you:

The total value of your [Year] stock-based award is delivered through ___% PSUs, __% time-based RSUs, [and ___% stock options]:

The number of PSUs, time-based RSUs, and stock options is based on the FMV of [ ] and Black-Scholes value of [    ] on [Date of Grant] truncated to the nearest whole share.

The PSU grant has a maximum opportunity of [200]% of the amount specified above and has a [one/two/three-] year performance period, after which the Compensation, Talent and Culture Committee will determine the final award based on performance-to-objective on the following metrics:

•[Describe applicable metrics]

[You will be entitled to accrue dividend equivalents equal to the cash that you would have received if, on each record date during the performance period beginning with the grant date relating to the PSU, you had been the holder of record of a number of shares of Common Stock equal to the number of PSUs specified above. You will receive the accrued dividend equivalents in cash as soon as practicable following the date on which the final award for the PSUs, if any, is paid and the payment will be equal to the amount of the dividend equivalents accrued multiplied by the performance factor for the PSU grant, less any applicable taxes, including federal, state or local withholding taxes.]

The final award for the PSUs will be [unrestricted shares of Ford Common Stock] [restricted for [one/two/three- years]. As soon as practicable on or after the final award date specified by the Compensation, Talent and Culture Committee [after the restriction lapses], you will be issued shares of Ford Common Stock, less shares withheld to cover any tax liability on the value of the grant.

All stock-based awards, including dividend equivalents, are subject to the terms of Long-Term Incentive Plan. Additional information regarding all of your stock-based awards, including the prospectus for the Long-Term Incentive Plan, is available on Life@Ford.

All incentive-based compensation (including, but not limited to, Annual Performance Bonus Plan awards and PSU grants and final awards under the Long-Term Incentive Plan) is subject to any recoupment, “clawback” or similar provision of applicable law, as well as any applicable recoupment or “clawback” policies of the Company that may be in effect from time to time, including, without limitation, to the extent applicable to you: (1) the Ford Motor Company Corporate Officer Compensation Recoupment Policy, (2) the Ford Motor Company Financial Statement Compensation Recoupment Policy, and (3) the Ford Motor Credit Company Financial Statement Compensation Recoupment Policy.

If you have further questions regarding your awards, please contact [Name] at [Phone Number].

Thank you for all your efforts and continued leadership.

*PSU awards are not final until such time that they vest into Final Awards as determined by the Compensation, Talent and Culture Committee. In the event of a change-in-control of the Company, any outstanding PSU whose grant date is at least six months prior to the date of the change-in-control, will convert to time-based RSUs in proportion to the performance-to-metrics as of the date of the change-in-control as determined by the Compensation, Talent and Culture Committee of the Board of Directors in its sole discretion. Such time-based RSUs will be subject to the Terms and Conditions of the Final Award of Performance Stock Unit Agreements then in effect. Refer to the Company’s Long-Term Incentive Plan, the Plan prospectus, your award agreements, and applicable award terms and conditions for additional provisions and information.